How a U.S. Textile Maker Came to Embrace Free -2-

TODAY: May 5, 2015 PUB DATE: May 5, 2015

While Mr. Milliken saw China is a major threat to the industry--he said in 1999 he was "outraged, totally outraged" by Congress clearing the way for China's entrance into the WTO--his successor sees the company's future there. Milliken opened an ...

UBS Profit Nearly Doubles -- Update

TODAY: May 5, 2015 PUB DATE: May 5, 2015

...Switzerland-based rival Credit Suisse Group AG, has generally seen private banking clients in Europe withdraw funds in recent years as they declare their Swiss accounts to tax authorities at home. How...

Yellen: Fed Providing Lawmakers With Names of Staffers

TODAY: May 5, 2015 PUB DATE: May 5, 2015

WASHINGTON--The Federal Reserve is providing a congressional panel with the names of its staffers who had contact with a consulting firm that published details of market-sensitive policy deliberations in October 2012, "with the understanding that the names will be kept ...

French State Budget Deficit Narrows End-March Year-on-Year

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Nadya Masidlover PARIS--France's state budget deficit narrowed over the first three months of the year compared with the corresponding period in 2014, as spending fell and tax revenue rose. The deficit fell to 26.3 billion euros ($28.9 billion) at ...

EU Lifts Eurozone Growth Forecast

TODAY: May 5, 2015 PUB DATE: May 5, 2015

BRUSSELS--European Union economists said cheaper oil and central bank stimulus should help deliver faster growth in the region this year, but questioned whether Europe's economy would continue to expand at these rates over the longer term. The forecasts from the ...

Brazilian Economy Struggles to Take Off

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Loretta Chao And Rogerio Jelmayer SAO PAULO, Brazil--With Brazil dogged by drought, a sluggish economy and a corruption scandal at its most important company, businesses in Latin America's largest economy have little to be optimistic about. Economists expect Brazil's ...

Shift at McDonald's: Company Moves Toward More Franchising-- 3rd Update

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Annie Gasparro The new chief executive at McDonald's Corp. plans to sell more restaurants to franchisees and restructure international operations to cut $300 million in annual costs and create a more nimble business. Steve Easterbrook, in a much-anticipated presentation ...

Deutsche Bank Waiver Feeds Controversy at SEC

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Aruna Viswanatha WASHINGTON--The Securities and Exchange Commission is allowing Deutsche Bank AG to continue selling stocks and bonds after the bank pleaded guilty to manipulating interest rates, feeding a controversy over the waivers that has divided the agency. The ...

Malaysia March Exports Likely Contracted 3% on Year: Poll

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Saurabh Chaturvedi KUALA LUMPUR--Malaysia's March exports likely contracted further as plunging commodity prices including that of crude oil, natural gas and palm oil continued to weigh. Exports likely shrank 3% in March from a year earlier, according to the ...

Spanish Jobless Numbers Fall

TODAY: May 5, 2015 PUB DATE: May 5, 2015

MADRID--Spain's government said Tuesday the number of people seeking jobless benefits fell last month as the country's economic recovery strengthened. The labor ministry said that jobless claims fell in April by 118,923 to 4.33 million. Seasonally adjusted claims fell by ...

UBS Profit Rises

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By John Letzing ZURICH-- UBS AG said Tuesday that first-quarter net profit rose to 1.98 billion Swiss francs ($2.14 billion) from 1.05 billion francs reported in the same period last year. Analysts had expected Zurich-based UBS to report a net ...

Oil Prices Rise Ahead of Inventory Data

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Georgi Kantchev LONDON--Oil prices rose Tuesday ahead of the latest U.S. oil inventory data, but some analysts cautioned the recent rally might prove unsustainable. Brent crude, the global oil benchmark, rose 0.5% to $66.75 a barrel on London's ICE ...

EU Sees Netherlands Economic Recovery Continuing in 2015

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Archie van Riemsdijk AMSTERDAM--The European Union on Tuesday said the economic recovery in the Netherlands will continue in 2015, as the depreciation of the euro, improved consumer spending and construction activity will keep driving the Dutch economy. The European ...

EU Raises Poland's 2015 Growth Forecast to 3.3%

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Patryk Wasilewski WARSAW--Poland's economy will grow slightly faster than previously expected as an economic revival pushes its public finance deficits lower, the European Commission said Tuesday. The largest emerging economy in Europe will grow 3.3% this year, the Commission ...

Indonesia First-Quarter Growth Slows to More Than Five-Year Low

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By I Made Sentana JAKARTA, Indonesia--Indonesia's economic growth slowed to a more than five-year low in the first quarter, which could erode confidence in President Joko Widodo's ability to turn the economy around quickly. Gross domestic product in Southeast Asia's ...

Asian Shares Mixed Ahead of RBA Rate Decision

TODAY: May 5, 2015 PUB DATE: May 5, 2015

Stocks in Australia rose Tuesday ahead of the central bank's interest rate decision, while investors in China focused on headlines around possible mergers of state-owned companies. Australia's S&P; ASX 200 was up 1% at 5887.50, with banks rising most. They ...